RMZ Group and CPPIB Embark on USD 750 Million Mumbai Commercial Project

RMZ Group and CPPIB are investing USD 750 million in a commercial project in Mumbai. The 'RMZ Nexus' at Jogeshwari-Vikhroli Link Road will cover 3.74 million square feet across six towers. This strategic move aims to meet office space demand and enhance RMZ's portfolio expansion in strategic markets.

Bengaluru-based RMZ Group and the Canada Pension Plan Investment Board (CPPIB) have announced a substantial investment of USD 750 million to construct a commercial development in Mumbai. The project is aimed at extending their business presence, spurred by a robust demand for office spaces.

Strategically named 'RMZ Nexus,' the development will be positioned at the Jogeshwari-Vikhroli Link Road, integrating the western and eastern express highways. The venture will occupy 3.74 million square feet and unfold over six towers on a 10.94-acre land, slated for completion by 2027.

CEO Thirumal Govindraj of RMZ Office & RMZ NXT highlighted the project as more than mere office space, describing it as a shift in workplace paradigms by fostering ecosystems of innovation and collaboration. RMZ Group continues to diversify its investments across multiple sectors, opening avenues for broader market penetration.

(With inputs from agencies.)